TechFlow reports, July 10, according to The Defiant, HSBC completed its first private placement of a digital-native structured product in Hong Kong, with USD-denominated notes issued directly on the blockchain (rather than digitized after issuance). Marketnode served as the tokenization agent and digital payment agent, responsible for managing the flow of funds between the issuer and investors. HSBC did not disclose details such as the issuance size, reference assets, term, and the blockchain used.
This issuance is positioned as a pilot project, aimed at verifying the application potential of tokenization technology throughout the product's full lifecycle (issuance, settlement, ongoing servicing). It is a continuation of HSBC's years-long presence in the digital asset field. Previously, the bank launched the HSBC Orion tokenization platform and retail gold tokens, and participated in the Monetary Authority of Singapore's Project Guardian together with Marketnode and UOB.
